Webster Bank Gives SBA Loan to Furniture Stores Company

Business loans in Connecticut are tough to come by these days. We take a look at one Connecticut business loan, provided by a Connecticut bank, that was approved by the SBA.

Getting a small business loan in Kensington, Connecticut was a top priority for this SBA-financed company back in 2003 and, based on their loan application, they were successful in getting an SBA loan from Webster Bank. Here are the details on this Connecticut small business loan.

SBA Loan Borrower

COMPANY TYPE: FURNITURE STORES
KENSINGTON, CT 06037

SBA Loan Lender

WEBSTER BANK
609 W JOHNSON AVE
CHESHIRE, CT 06410

This SBA loan was provided by a lender with SBA Certified Lenders Program (CLP) status. CLP lenders who submit loan requests to the SBA get more expeditious service from the SBA on their loan applications.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

442110 - Furniture Stores

Loan Approval Date

9/26/2003

Loan Approval Gross Amount

$700,000

Loan Approval from the SBA

Of the total $700,000 loan amount, the SBA guaranteed $525,000.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company had 17 employees. This SBA loan request did not indicate that the company promised to use the loan proceeds to hire new employees or retain any existing employees.

Great, But How Can I Get an SBA Loan for My Business?

If you are wondering how to raise money for a company in Kensington CT, you ought to talk with a local Kensington SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Kensington businesses.

Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like Webster Bank that has already issued SBA-guaranteed loans. To get an SBA loan fast, work with a bank that participates in the SBA's Preferred Lenders Program (PLP).

About This SBA Loan Information:

All SBA loan data displayed above comes from the government's publicly available SBA loan database. Information on this page is provided by the Gaebler.com news organization to inform business owners, aspiring entrepreneurs and others about SBA loan activity. LoanCensus.com does not assist businesses with obtaining SBA loans and was not involved in any way with this transaction. For additional information, see our Loan Information FAQ.

Related Links:

Small Business Credit Cards

SBA 7A Lenders in Cheshire, Connecticut

Connecticut SBA 7A Lenders